# November Soybean Prices Offer a Spring Riddle

> As of April 19, 2024, November soybeans closed at $11.61 a bushel, down 25 cents in April. Brazil is nearing the end of its harvest and Argentina is just starting, with combined supplies estimated at 7.3 to 7.5 billion bushels. Argentina's harvest progress of 14% lagged the five-year average, and the market closed higher on that report.

- Date: 2024-04-22 · published 2024-04-22T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/30753-november-soybean-prices-offer-a-spring-riddle
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Large South American supply is bearish, but slow Argentine harvest progress due to rain offers some short-term support. Traders weigh these factors against the expected new-crop supply.

## Read by commodity

- SOY: neutral

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/technically-speaking/blog-post/2024/04/22/november-soybean-prices-offer-spring

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.